Using the basic accounting equation floyd company had beginning-of-the-year total assets of $320,000 and total liabilities of $180,000. a. if during the year total assets increased by $15,000 and total liabilities increased by $40,000, what is the end-of-year total stockholders’ equity? $answer b. if during the year total assets increased by $60,000 and total liabilities decreased by $5,000, what is the end-of-year total stockholders’ equity? $answer c. if during the year total liabilities increased by $40,000 and total stockholders’ equity increased by $35,000, what are the end-of-year total assets?

A) If during the year total assets increased by $15,000 and total liabilities increased by $40,000 What is the end-of-year total stockholders’ equity?      $115,000

B) If during the year total assets increased by $60,000 and total liabilities decreased by $5,000, what is the end-of-year total stockholders’ equity?      $205,000

C) If during the year total liabilities increased by $40,000 and total stockholders’ equity increased by $35,000, what are the end-of-year total assets?      

$395,000

Explanation:

ANSWER A)

AssetsSTARTEND

TOTAL ASSETS  $320,000$335,000

TOTAL LIABILITIES  $180,000$220,000

TOTAL EQUITY  $140,000$115,000

TOTAL EQUITY & LIABILITIES  $320,000$335,000

ANSWER B)

TOTAL ASSETS  $320,000$380,000

TOTAL LIABILITIES  $180,000$175,000

TOTAL EQUITY  $140,000$205,000

TOTAL EQUITY & LIABILITIES  $320,000$380,000

ANSWER C)

TOTAL ASSETS  $320,000$395,000

TOTAL LIABILITIES  $180,000$220,000

TOTAL EQUITY  $140,000$175,000

TOTAL EQUITY & LIABILITIES  $320,000$395,000

the answerr would be 1